The new 20% qualified business income deduction is great for flippers.Something to consider when flipping is the potential requirement to make estimated tax payments(Fed and State).Are you open to working with an accountant outside of the state of Arizona?

Do you have an example of something that doesn’t conform to the IRS standards? 

When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard.

My plat was built in the 70s and my lot of land was sold to a contractor in 1986 and they finished my house in 1989 but on 2acres instead of the standard .48 acres in my neighborhood.

Take 50% of the rent and count that as going to expenses(taxes, insurance, maintenance, capex, vacancy) then deduct your debt service(mortgage payment if you finance) from the remaining 50%. 

I don’t use a standard increase. 

They just charge $150-200 per day because its' too hard for them to make a contract and estimate priceThen the landlord pays for materials and the handymen work on the house.I think these landlords 100% of them consider these handymen independent contractors and NOT employees.I wonder what the solution isIs there a standard contract you can have them sign that at least says they 1. have own insurance 2. are independent contractors 3. are not employees 4. are independent handymen doing work for a property owner and not for a contractorIs there something like that or are the dozens of landlords and investors in my area just doing it wrong. 

Hey JesusMay want to hire a tax proMost of those expenses related to that new property don't get deducted. 

OMG, a long list, @Joshua Thompson.Schedules C with zero income and large expenses, particularly interest, taxes, and repairsFlips reported at gross profit instead of full selling price minus cost of goods soldFlips reported as short-term capital transactions on Schedule DSchedules E with zero income and large expensesSchedules E with repairs several times higher than the rentMissing depreciationLosses from rental properties or K1s not showing up on 1040 (not always a mistake, but often is)All expenses grouped into some $40,000 "miscellaneous business expenses"Missing deduction for use of a business vehiclethere are another 20-30 very common errors and oversights, soon to include the missing 20% QBI deduction.

Depends on your CapEx budget and what the market standard is.